People approaching retirement are suffering from "shockingly low" levels of pensions knowledge, putting them at risk of squandering their savings when they are handed new freedoms over their money pots this spring, new research has warned.

Women are more likely to be in the dark over basic terms which can be crucial when weighing up pensions options, according to a report, which was published by think-tank the International Longevity Centre-UK (ILC-UK) and guided by the Government's older workers champion Ros Altmann. Read more

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